Nitro Digital Mining

Published on: 11.05.2022

Nitro Network is combining DeFi and NFTs through its flagship product, the Non-Fungible Miner (NFM).

Nitro NFMs allow all holders to mine Nitro Network’s native token, NCash, by simply staking it through their dashboard. The concept of a digital miner offers people a chance to experience crypto mining without all the hassles of traditional physical mining such as purchasing expensive hardware and extensive technical setups.

Traditional mining versus digital mining

Traditional mining, also referred to as graphic processing unit (GPU) mining, has always been looked at as a practice for the well-off due to its high cost of entry. In order to traditionally mine crypto, a user must purchase multiple GPUs and run programs on the computer to interact with the blockchain they are mining for.

Digital mining via Nitro Bot NFMs on the other hand, is an innovative technology pioneered by Nitro Network which allows for users to digitally mine NCash while eliminating the common issues of traditional mining. The best part is that users may purchase as many Nitro Bot NFMs as they please because these NFMs are represented in the form of NFTs! With this forward-thinking ethos in mind, Nitro Network is reducing the carbon footprint of those who choose to mine crypto.

About Nitro Network

decentralized private communication network (PCN) powered by the infinite potential of IoT technology. The Nitro Network ecosystem leverages the blockchain using 3G, 4G and 5G networks to drive mass adoption of crypto assets.